Media moguls and childhood friends James Packer and David Gyngell reportedly got into a fistfight in Sydney Sunday when Gyngell, 48, expressed his frustration over how Packer, 46, has been treating his estranged wife. The U.K. gossip site claims that Packer left his wife for 31-year-old Kerr last year.

The men reportedly had a talk after the street fight and issued a joint statement Monday.

"We have been friends for 35 years and still are," the public remarks read. "In that time we have had our fair share of ups and downs. We respect each other and neither of us will be commenting further."